In the last trading session, 2.46 million Altice USA Inc (NYSE:ATUS) shares changed hands as the company’s beta touched 1.50. With the company’s per share price at $2.53 changed hands at $0.1 or 4.12% during last session, the market valuation stood at $1.17B. ATUS’s last price was a discount, traded about -25.69% off its 52-week high of $3.18. The share price had its 52-week low at $1.52, which suggests the last value was 39.92% up since then. When we look at Altice USA Inc’s average trading volume, we note the 10-day average is 2.91 million shares, with the 3-month average coming to 3.43 million.
Analysts gave the Altice USA Inc (ATUS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.12. If we narrow down to specifics, the data shows that 2 out of 18 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 8 recommended ATUS as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Altice USA Inc’s EPS for the current quarter is expected to be 0.04.
Altice USA Inc (NYSE:ATUS) trade information
Instantly ATUS was in green as seen at the end of in last trading. With action -3.44%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 4.98%, with the 5-day performance at -3.44% in the red. However, in the 30-day time frame, Altice USA Inc (NYSE:ATUS) is -1.94% down. Looking at the short shares, we see there were 26.55 million shares sold at short interest cover period of 8.57 days.
The consensus price target for the stock as assigned by Wall Street analysts is 13, meaning bulls need an upside of 80.54% from its current market value. According to analyst projections, ATUS’s forecast low is 1 with 43 as the target high. To hit the forecast high, the stock’s price needs a -1599.6% plunge from its current level, while the stock would need to tank 60.47% for it to hit the projected low.
Altice USA Inc (ATUS) estimates and forecasts
Data shows that the Altice USA Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 33.86% over the past 6 months, a -150.00% in annual growth rate that is considerably lower than the industry average of 25.70%. Year-over-year growth is forecast to reach -2.97% down from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 2.24B. 3 analysts are of the opinion that Altice USA Inc’s revenue for the current quarter will be 2.17B. The company’s revenue for the corresponding quarters a year ago was 2.3B and 2.25B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -2.67%. The estimates for the next quarter sales put growth at -3.73%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 35.28%. The 2025 estimates are for Altice USA Inc earnings to decrease by -134.09%.
ATUS Dividends
Altice USA Inc is expected to release its next quarterly earnings report in February.
Altice USA Inc (NYSE:ATUS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 11.33% of Altice USA Inc shares while 50.33% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 56.76%. There are 50.33% institutions holding the Altice USA Inc stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 6.9758% of the shares, roughly 31.9 million ATUS shares worth $65.09 million.
CLARKSTON CAPITAL PARTNERS, LLC holds the second largest percentage of outstanding shares, with 6.8311% or 31.24 million shares worth $63.74 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund . With 6.82 shares estimated at $17.26 million under it, the former controlled 1.48% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 1.20% of the shares, roughly 5.54 shares worth around $14.02 million.
